Strong Economy and Markets Point to Continued Momentum for Stocks in 2024
• A strong first quarter in 2024 suggests positive momentum for stocks for the rest of the year based on historical trends.
• Financial conditions are easing, manufacturing and housing data are improving, pointing to economic expansion.
• Inflation remains low and productivity growth supports further disinflation.
• Concerns about a stock bubble like the 1990s seem overblown - this looks more like the mid-1990s bull run.
• Optimism persists but big gains may be harder with stocks already having rallied strongly over the past year.